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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Clarcor's interest expense for the three months ended in Nov. 2016 was $ -2 Mil. Its interest expense for the trailing twelve months (TTM) ended in Nov. 2016 was $-8 Mil.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Clarcor's Operating Income for the three months ended in Nov. 2016 was $ 44 Mil. Clarcor's Interest Expense for the three months ended in Nov. 2016 was $ -2 Mil. Clarcor's Interest Coverage for the quarter that ended in Nov. 2016 was 24.78. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
The historical data trend for Clarcor's Interest Expense can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Clarcor Annual Data | |||||||||||||||||||||
Trend | Nov07 | Nov08 | Nov09 | Nov10 | Nov11 | Nov12 | Nov13 | Nov14 | Nov15 | Nov16 | |||||||||||
Interest Expense | Get a 7-Day Free Trial | -0.53 | -0.62 | -3.70 | -5.63 | -7.54 |
Clarcor Quarterly Data | ||||||||||||||||||||
Feb12 | May12 | Aug12 | Nov12 | Feb13 | May13 | Aug13 | Nov13 | Feb14 | May14 | Aug14 | Nov14 | Feb15 | May15 | Aug15 | Nov15 | Feb16 | May16 | Aug16 | Nov16 | |
Interest Expense | Get a 7-Day Free Trial | -1.66 | -2.11 | -1.87 | -1.76 | -1.79 |
Interest Expense is the amount reported by a company or individual as an expense for borrowed money.
Interest Expense for the trailing twelve months (TTM) ended in Nov. 2016 adds up the quarterly data reported by the company within the most recent 12 months, which was $-8 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Clarcor (NYSE:CLC) Interest Expense Explanation
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense. The higher, the better.Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.
Clarcor's Interest Expense for the three months ended in Nov. 2016 was $-2 Mil. Its Operating Income for the three months ended in Nov. 2016 was $44 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Nov. 2016 was $268 Mil.
Clarcor's Interest Coverage for the quarter that ended in Nov. 2016 is calculated as
Interest Coverage | = | -1 | * | Operating Income (Q: Nov. 2016 ) | / | Interest Expense (Q: Nov. 2016 ) |
= | -1 | * | 44.447 | / | -1.794 | |
= | 24.78 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
The higher the ratio, the stronger the company's financial strength is.
Nelda J Connors | director | BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752-1234 |
Philip R Lochner | director | 699 LAKE AVENUE, GREENWICH CT 06830 |
Thomas Giacomini | director | C/O JOHN BEAN TECHNOLOGIES CORPORATION, 70 WEST MADISON SUITE 4400, CHICAGO IL 60602 |
Robert J Burgstahler | director | |
Wesley M Clark | director | 840 CRESCENT CENTRE DRIVE, #600, CLARCOR INC., FRANKLIN TN 37067 |
Richard M Wolfson | officer: VP, General Counsel | 2918 FIFTH AVENUE SOUTH, SUITE 209, SAN DIEGO CA 92103 |
James W Bradford | director | GENESCO INC., 1415 MURFREESBORO ROAD, NASHVILLE TN 37217 |
Robert H Jenkins | director | PO BOX 7003, ROCKFORD IL 61125-7003 |
Paul Donovan | director | PO BOX 7003, ROCKFORD IL 61125-7003 |
Mark A Emkes | director | 425 WINTER ROAD, DELAWARE OH 43015 |
James L Packard | director | 200 STATE STREET, BELOIT WI 53511 |
Christopher Conway | officer: President and CEO | C/O CLARCOR, 840 CRESCENT CENTRE DR SUITE 600, FRANKLIN TN 37064 |
David Joseph Fallon | officer: VP-Chief Financial Officer | 28213 VAN DYKE AVENUE, WARREN MI 48093 |
Norman E Johnson | director, other: Executive Chairman | 501 SEVENTH STREET, P O BOX 1537, ROCKFORD IL 61110-0037 |
Arthur B Laffer | director | 300 CRESCENT COURT, SUITE 700, DALLAS TX 75201 |
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